GB exam 1 Flashcards
Expats often receive significant
international premiums
MNEs from the Triad dominate the list of the 500 largest MNEs; their share has been
shrinking
Which of the following countries is represented in the Triad of the global economy
japan
Which of the following countries would be characterized as an emerging economy
brazil
Which view of global business focuses on external factors that affect a firm’s performance?
Institution-based
The strategy of treating each country as a unique market and in total isolation is referred to as _____.
localization
Which of the following would be an example of a product undergoing a flow of reverse innovation in the global economy?
BoP economy to Triad nation
Which of the following is true of globalization according to the “pendulum view” perspective?
Globalization is a not a one-directional phenomenon.
Which view of global business suggests that the success and failure of firms are largely determined by their environments?
Institution-based
The cushion of resources that allow an organization to adapt successfully to pressures is known by which of the following terms?
Organizational slack
In which of the following ways do formal institutions regulate trade?
By imposing laws that make certain trades unacceptable
Which pillar refers to the coercive power of governments
Regulatory
The key role of institutions is to do what in business transactions?
Reduce uncertainty
A fundamental aspect of what political system is that it effectively conducts global business by providing an individual the right to freedom of expression and organization?
Democracy
Which of the following is a feature of right-wing totalitarianism?
it does not allow room for political freedom.
What type of law refers to a legal system based on religious teachings?
Theocratic law
Exclusive legal rights of firms to use specific names, brands, and designs to differentiate their products from others are _____.
trademarks
Which of the following economies would be characterized as having a laissez faire policy?
Pure market economy
For which of the following types of economies would the factors of production depend on the relative distribution of market forces versus command forces?
Mixed economy
Which of the following is true of private ownership?
It tends to force firms into liquidation due to high competition.
In a collectivist society, _____.
family units are highly valued
What legislation enacted in 1977 bans U.S. firms from bribing non-U.S. officials?
Foreign Corrupt Practices Act
Which of the following is the final phase of acquiring cultural intelligence?
Skills
What did sociologist Max Weber criticize as a leading cause of Asian backwardness?
Confucianism
Which of the following aspects of a culture would be categorized as an informal institution?
Ethics
A firm that has adopted an accommodative strategy for ethical challenges in business _____.
accepts responsibility and does all that is required
Which of the following is true of the GLOBE clusters?
It divides the nations of the world into ten clusters.
What is the highest cultural grouping of people and the broadest level of cultural identity people have?
Civilization
Which of the following is true of individualists and collectivists?
Collectivists are more opportunistic when dealing with out-group members.
An American firm operating in the Middle East struggles with enforcing rules opposing sexual discrimination against Muslim women working in its management. Which of the following describes the American firm’s stand against enforcing local norms?
Ethical imperialism
An original equipment manufacturer refers to a firm that _____.
executes design blueprints provided by other firms and manufactures such products
Organizational culture is an example of what type of intangibles resources?
Human
The resource-based view differs from the institution-based view in that the resource-based view focuses on a firm’s _____.
internal strengths and weaknesses
Which of the following primary activities of a firm corresponds to its support activity of infrastructure?
Research and development
According to the VRIO framework, a firm with an organized, valuable, rare, but imitable resources and capabilities will display what level of performance, at least for some period of time?
Above average
Which of the following is an example of a firm’s physical resources and capabilities?
Access to raw materials and distribution channels
What strategy includes setting up subsidiaries abroad so that the work done is in-house but the location is foreign?
Captive sourcing
An original design manufacturer (ODM) differs from an original brand manufacturer (OBM) in that an ODM _____.
does not include marketing in its organizational boundary
Which of the following is considered a tangible resource of a firm?
The copyrights that belong to a firm
A firm that develops new products or ideas in foreign countries and then implementing them domestically is making use of what process?
Reverse innovation
